cbditr2q13_6k.htm - Generated by SEC Publisher for SEC Filing

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

For the month of July, 2013

Brazilian Distribution Company
(Translation of Registrant’s Name Into English)

Av. Brigadeiro Luiz Antonio,
3142 São Paulo, SP 01402-901
Brazil
(Address of Principal Executive Offices)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F)

Form 20-F X Form 40-F

(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101 (b) (1)):

Yes ___ No X

(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101 (b) (7)):

Yes ___ No X

(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

Yes ___ No X

(Convenience Translation into English from the

Original Previously Issued in Portuguese)

Companhia Brasileira de Distribuição

Individual and Consolidated Interim

Financial Information for the

Quarter Ended June 30, 2013 and

Report on Review of Interim Financial

Information

Deloitte Touche Tohmatsu Auditores Independentes

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Deloitte Touche Tohmatsu

(Convenience Translation into English from the Original Previously Issued in Portuguese)

REPORT ON REVIEW OF INTERIM FINANCIAL INFORMATION

To the Shareholders, Board of Directors and Management of

Companhia Brasileira de Distribuição

São Paulo - SP

Introduction

We have reviewed the accompanying individual and consolidated interim financial information of Companhia Brasileira de Distribuição (the “Company”), identified as Company and Consolidated, respectively, included in the Interim Financial Information Form (ITR), for the quarter ended June 30, 2013, which comprises the balance sheet as of June 30, 2013 and the related statements of income and comprehensive income for the three- and six-month periods then ended, and changes in equity and cash flows for the six-month period then ended, including the explanatory notes.

The Company’s Management is responsible for the preparation of the individual interim financial information in accordance with technical pronouncement CPC 21 (R1) - Interim Financial Information and the consolidated interim financial information in accordance with technical pronouncement CPC 21 (R1) and the international standard IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board - IASB, as well as for the presentation of such information in accordance with the standards established by the Brazilian Securities and Exchange Commission (CVM), applicable to the preparation of the Interim Financial Information (ITR). Our responsibility is to express a conclusion on this interim financial information based on our review.

Scope of review

We conducted our review in accordance with Brazilian and international standards on review of interim financial information (NBC TR 2410 and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with standards on auditing and, consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion on individual interim financial information

Based on our review, nothing has come to our attention that causes us to believe that the accompanying individual interim financial information included in the Interim Financial Information (ITR) referred to above was not prepared, in all material respects, in accordance with technical pronouncement CPC 21 (R1), applicable to the preparation of the Interim Financial Information (ITR), and presented in accordance with the standards established by the CVM.

Conclusion on consolidated interim financial information

Based on our review, nothing has come to our attention that causes us to believe that the accompanying consolidated interim financial information included in the Interim Financial Information (ITR) referred to above was not prepared, in all material respects, in accordance with technical pronouncement CPC 21 (R1) and IAS 34, applicable to the preparation of Interim Financial Information (ITR), and presented in accordance with the standards established by the CVM.

Other matters

Statements of value added

We have also reviewed the individual and consolidated statements of value added for the six-
-month period ended June 30, 2013, prepared under the responsibility of the Company’s Management, the presentation of which is required by the standards issued by the CVM applicable to the preparation of Interim Financial Information (ITR) and considered as supplemental information for International Financial Reporting Standards - IFRS, that do not require the presentation of these statements. These statements were subject to the same review procedures described above and, based on our review, nothing has come to our attention that causes us to believe that they were not prepared, in all material respects, in relation to the individual and consolidated interim financial information taken as a whole.

São Paulo, July 19, 2013

DELOITTE TOUCHE TOHMATSU	Edimar Facco
Auditores Independentes	Engagement Partner

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Quarterly Financial Information

Companhia Brasileira de Distribuição

June 30, 2013

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR –– Quarterly Financial Information – June 30, 2013 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Version: 1

Company Information
Capital Breakdown	1
Cash Dividends	2
Individual Quarterly Financial Information
Balance Sheet – Assets	3
Balance Sheet – Liabilities	4
Income Statement	6
Comprehensive Income for the Period	7
Statement of Cash Flows	8
Statement of Changes in Shareholders’ Equity
1/1/2013 to 6/31/2013	9
1/1/2012 to 6/31/2012	10
Statement of Value Added	11
Consolidated Quarterly Financial Information
Balance Sheet - Assets	12
Balance Sheet - Liabilities	13
Income Statement	15
Comprehensive Income for the Period	16
Statement of Cash Flows	17
Statement of Changes in Shareholders’ Equity
1/1/2013 to 6/31/2013	18
1/1/2012 to 6/31/2012	19
Statement of Value Added	20
Comments on the Company`s Performance	21
Notes to the Quarterly Financial Information	39
Other Information Deemed as Relevant by the Company	109
Report on Review of Interim Financial Information	111

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ITR –– Quarterly Financial Information – June 30, 2013 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

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Company Information / Capital Breakdown

Number of Shares (thousand)	Current Quarter 06/30/2013
Paid in Capital
Common	99,680
Preferred	164,612
Total	264,292
Treasury Shares
Common	0
Preferred	233
Total	233

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ITR –– Quarterly Financial Information – June 30, 2013 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

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Company Information / Cash Dividends

Event	Approval	Type	Date of Payment	Type of Share	Class of Share	Amount per share (Reais/ share)
Board of Directors Meeting	04/25/2013	Dividend	05/16/2013	Common	-	0.11818
Board of Directors Meeting	04/25/2013	Dividend	05/16/2013	Preferred	-	0.13000

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ITR –– Quarterly Financial Information – June 30, 2013 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

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Individual Quarterly Financial Information/ Balance Sheet - Assets

R$ (in thousands)

Code	Description	Current Quarter 06/30/2013	Previous Year 12/31/2012
1	Total Assets	20,695,038	22,009,548
1.01	Current Assets	4,029,928	5,783,263
1.01.01	Cash and Cash Equivalents	1,293,087	2,890,331
1.01.03	Accounts Receivable	322,430	513,783
1.01.03.01	Trade Accounts Receivable	296,375	492,642
1.01.03.02	Other Accounts Receivable	26,055	21,141
1.01.04	Inventories	2,022,077	2,132,697
1.01.06	Recoverable Taxes	257,319	193,714
1.01.06.01	Current Recoverable Taxes	257,319	193,714
1.01.07	Prepaid Expenses	71,294	30,096
1.01.08	Other Current Assets	63,721	22,642
1.01.08.01	Noncurrent Assets Held for Sales	8,853	-
1.01.08.03	Other	54,868	22,642
1.02	Noncurrent Assets	16,665,110	16,226,285
1.02.01	Long-term Assets	1,629,955	2,564,888
1.02.01.03	Accounts Receivable	28,105	25,740
1.02.01.03.02	Other Accounts Receivable	28,105	25,740
1.02.01.06	Deferred Taxes	199,351	185,491
1.02.01.06.01	Deferred Income and Social Contribution Taxes	199,351	185,491
1.02.01.07	Prepaid Expenses	41,813	49,064
1.02.01.08	Receivables from Related Parties	602,004	1,538,567
1.02.01.08.02	Receivables from Subsidiaries	536,363	1,470,807
1.02.01.08.03	Receivables from Controlling Shareholders	930	6,258
1.02.01.08.04	Receivables from Other Related Parties	64,711	61,502
1.02.01.09	Other Noncurrent Assets	758,682	766,026
1.02.01.09.04	Recoverable Taxes	233,251	217,651
1.02.01.09.05	Restricted Deposits for Legal Proceeding	525,431	548,375
1.02.02	Investments	8,004,324	6,736,527
1.02.02.01	Investments in Associates	8,004,324	6,736,527
1.02.02.01.02	Investments in Subsidiaries	8,004,324	6,736,527
1.02.03	Property and Equipment, net	5,939,262	5,816,754
1.02.03.01	In Use	5,797,543	5,655,444
1.02.03.02	Leased properties	44,445	50,993
1.02.03.03	In Progress	97,274	110,317
1.02.04	Intangible Assets	1,091,569	1,108,116
1.02.04.01	Intangible Assets	1,091,569	1,108,116
1.02.04.01.02	Intangible Assets	1,091,569	1,108,116

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Individual Quarterly Financial Information /Balance Sheet – Liabilities

R$ (in thousands)

Code	Description	Current Quarter 06/30/2013	Previous Year 12/31/2012
2	Total Liabilities	20,695,038	22,009,548
2.01	Current Liabilities	6,962,445	7,097,599
2.01.01	Payroll and Related Charges	311,150	330,884
2.01.01.01	Payroll Liabilities	46,110	45,802
2.01.01.02	Social Security Liabilities	265,040	285,082
2.01.02	Trade Accounts Payable	1,864,423	2,357,379
2.01.02.01	Local Trade Accounts Payable	1,826,202	2,294,756
2.01.02.02	Foreign Trade Accounts Payable	38,221	62,623
2.01.03	Taxes and Contributions Payable	98,873	101,508
2.01.03.01	Federal Tax Liabilities	78,840	76,601
2.01.03.01.01	Income and Social Contribution Tax Payable	55,184	-
2.01.03.01.02	Other (PIS, COFINS, IOF, INSS, Funrural)	23,656	76,601
2.01.03.02	State Tax Liabilities	20,033	24,907
2.01.04	Loans and Financing	2,008,686	1,418,852
2.01.04.01	Loans and Financing	948,584	802,033
2.01.04.01.01	In Local Currency	786,332	228,566
2.01.04.01.02	In Foreign Currency	162,252	573,467
2.01.04.02	Debentures	1,016,277	549,956
2.01.04.03	Financing by Leasing	43,825	66,863
2.01.05	Other Liabilities	2,676,001	2,864,426
2.01.05.01	Related Parties	2,238,440	2,246,087
2.01.05.01.01	Debts with Associated Companies	13,592	4,033
2.01.05.01.02	Debts with Subsidiaries	2,212,683	2,226,298
2.01.05.01.03	Debts with Controlling Shareholders	12,165	15,756
2.01.05.02	Other	437,561	618,339
2.01.05.02.01	Dividends and Interest on Equity Payable	679	166,507
2.01.05.02.04	Utilities	6,625	6,343
2.01.05.02.05	Rent Payable	31,690	33,258
2.01.05.02.06	Advertisement Payable	45,855	42,103
2.01.05.02.07	Pass-through to Third Parties	9,714	10,974
2.01.05.02.08	Financing Related to Acquisition of Real Estate	86,789	88,181
2.01.05.02.09	Taxes Payable in Installments	134,231	147,172
2.01.05.02.11	Other Accounts Payable	121,978	123,801
2.01.06	Provisions	3,312	24,550
2.01.06.02	Other Provisions	3,312	24,550
2.01.06.02.02	Provisions for Restructuring	3,312	24,550
2.02	Noncurrent Liabilities	4,958,663	6,417,224
2.02.01	Loans and Financing	3,353,532	4,903,336
2.02.01.01	Loans and Financing	1,117,424	1,823,159
2.02.01.01.01	In Local Currency	1,117,424	1,662,523
2.02.01.01.02	In Foreign Currency	-	160,636
2.02.01.02	Debentures	2,096,451	2,942,111
2.02.01.03	Financing by Leasing	139,657	138,066
2.02.02	Other Liabilities	1,070,602	1,168,205
2.02.02.02	Other	1,070,602	1,168,205
2.02.02.02.03	Taxes Payable by Installments	1,025,444	1,119,029
2.02.02.02.04	Other Accounts Payable	45,158	49,176

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Individual Quarterly Financial Information /Balance Sheet – Liabilities

R$ (in thousands)

Code	Description	Current Quarter 06/30/2013	Previous Year 12/31/2012
2.02.04	Provision for Contingencies	534,529	345,683
2.02.04.01	Tax, Social Security, Labor and Civil Provisions	534,529	345,683
2.02.04.01.01	Tax Provisions	295,697	169,056
2.02.04.01.02	Social Security and Labor Provisions	184,762	112,417
2.02.04.01.04	Civil Provisions	54,070	64,210
2.03	Shareholders’ Equity	8,773,930	8,494,725
2.03.01	Paid-in Capital Stock	6,758,931	6,710,035
2.03.02	Capital Reserves	214,087	228,459
2.03.02.02	Special Goodwill Reserve	-	38,025
2.03.02.04	Granted Options	206,689	183,036
2.03.02.07	Capital Reserve	7,398	7,398
2.03.04	Profit Reserves	1,555,358	1,556,231
2.03.04.01	Legal Reserve	300,808	300,808
2.03.04.05	Retention of Profits Reserve	793,993	794,865
2.03.04.10	Expansion Reserve	460,557	460,558
2.03.05	Retained Earnings/ Accumulated Losses	245,554	-

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Individual Quarterly Financial Information / Statement of Income

R$ (in thousands)

Code	Description	YTD Current Year 4/1/2013 to 6/30/2013	YTD Current Year 1/1/2013 to 6/30/2013	YTD Current Year 4/1/2012 to 6/30/2012	YTD Current Year 1/1/2012 to 6/30/2012
3.01	Net Sales from Goods and/or Services	5,010,041	10,154,048	4,572,342	9,140,379
3.02	Cost of Goods Sold and/or Services Sold	(3,658,138)	(7,402,606)	(3,402,860)	(6,790,044)
3.03	Gross Profit	1,351,903	2,751,442	1,169,482	2,350,335
3.04	Operating Income/Expenses	(1,198,701)	(2,197,393)	(753,098)	(1,610,697)
3.04.01	Selling Costs	(770,301)	(1,557,782)	(687,995)	(1,370,265)
3.04.02	General and Administrative	(163,904)	(327,789)	(138,228)	(288,385)
3.04.04	Other Operating Expense	8,002	5,840	(12,601)	(14,854)
3.04.04.01	Income Related to Fixed Assets	(2,064)	(4,226)	(12,603)	(14,856)
3.04.04.02	Other Operating Income	10,066	10,066	2	2
3.04.05	Other Operating Expenses	(330,035)	(449,462)	(85,084)	(161,191)
3.04.05.01	Depreciation/Amortization	(100,116)	(199,743)	(83,571)	(159,678)
3.04.05.03	Other Operating Expenses	(229,919)	(249,719)	(1,567)	(1,567)
3.04.06	Equity Pickup	57,537	131,800	170,810	223,998
3.05	Profit before Net Financial Expenses and Social Contribution Taxes	153,202	554,049	416,384	739,638
3.06	Net Financial Expenses	(135,628)	(242,540)	(107,035)	(223,529)
3.06.01	Financial Revenue	47,045	110,479	92,019	174,344
3.06.02	Financial Expenses	(182,673)	(353,019)	(199,054)	(397,873)
3.07	Earnings Before Income and Social Contribution Taxes	17,574	311,509	309,349	516,109
3.08	Income and Social Contribution Taxes	24,516	(32,844)	(54,700)	(94,868)
3.08.01	Current	5,524	(46,704)	(47,982)	(81,548)
3.08.02	Deferred	18,992	13,860	(6,718)	(13,320)
3.09	Net Income from Continued Operations	42,090	278,665	254,649	421,241
3.11	Net Income for the Period	42,090	278,665	254,649	421,241
3.99	Earnings per Share - (Reais/Share)
3.99.01	Earnings Basic per Share
3.99.01.01	ON	0.15000	1.00000	0.92000	1.52000
3.99.01.02	PN	0.16000	1.09000	1.01000	1.67000
3.99.02	Earnings Diluted per Share
3.99.02.01	ON	0.15000	1.00000	0.92000	1.52000
3.99.02.02	PN	0.16000	1.09000	1.00000	1.66000

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Individual Quarterly Financial Information / Comprehensive Income for the Period

R$ (in thousands)

Code

Description

YTD Current

Year

4/1/2013 to 6/30/2013

YTD Current

Year

1/1/2013 to 6/30/2013

YTD Previous

Year

4/1/2012 to 6/30/2012

YTD Previous

Year

1/1/2012 to 6/30/2012

4.01

Net Income for the Period

42,090

278,665

254,649

421,241

4.03

Comprehensive Income for the Period

42,090

278,665

254,649

421,241

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ITR –– Quarterly Financial Information – June 30, 2013 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

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Individual Quarterly Financial Information /Statement of Cash Flows – Indirect Method

R$ (in thousands)

Code	Description	YTD Current Period 1/1/2013 to 6/30/2013	YTD Previous Period 1/1/2012 to 6/30/2012
6.01	Net Cash Flow Operating Activities	189,133	(257,576)
6.01.01	Cash Provided by the Operations	914,502	739,829
6.01.01.01	Net Income for the Period	278,665	421,241
6.01.01.02	Deferred Income and Social Contribution Taxes	(13,860)	13,320
6.01.01.03	Results from Disposal of Fixed Assets	4,226	14,856
6.01.01.04	Depreciation/Amortization	217,837	176,006
6.01.01.05	Net Finance Results	269,795	306,458
6.01.01.06	Adjustment to Present Value	126	(3,162)
6.01.01.07	Equity Pickup	(131,800)	(223,998)
6.01.01.08	Provision for Contingencies	185,060	25,050
6.01.01.09	Provision for Disposals and Impairment of Property and Equipment	2,075	(3,304)
6.01.01.10	Share-based Payment	23,653	18,688
6.01.01.11	Allowance for Doubtful Accounts	(81)	(2,599)
6.01.01.12	Gain (Loss) in Equity Interest Dilution	-	8
6.01.01.13	Provision for Obsolescence/Shrinkage	(3,824)	(2,735)
6.01.01.14	Noncurrent expenses	82,000	-
6.01.02	Changes in Assets and Liabilities	(725,369)	(997,405)
6.01.02.01	Accounts Receivable	189,070	168,891
6.01.02.02	Inventories	114,444	151,990
6.01.02.03	Recoverable Taxes	(79,205)	34,551
6.01.02.04	Other Assets	(43,092)	(38,528)
6.01.02.05	Related Parties	(179,412)	(497,466)
6.01.02.06	Restricted Deposits for Legal Proceeding	(66,650)	(58,661)
6.01.02.07	Trade Accounts Payable	(492,956)	(671,000)
6.01.02.08	Payroll Charges	(19,734)	(17,546)
6.01.02.09	Taxes and Social Contributions Payable	(122,599)	(56,970)
6.01.02.10	Other Accounts Payable	(25,235)	(12,666)
6.02	Net Cash Flow Investment Activities	(392,753)	(376,202)
6.02.01	Capital Increase in Subsidiaries	(58,750)	-
6.02.02	Acquisition of Property and Equipment	(319,686)	(377,485)
6.02.03	Increase Intangible Assets	(29,232)	(3,473)
6.02.04	Sales of Property and Equipment	14,915	4,756
6.03	Net Cash Flow Financing Activities	(1,393,624)	993,421
6.03.01	Capital Increase/Decrease	10,871	12,847
6.03.02	Additions	-	1,522,006
6.03.03	Payments	(1,048,119)	(357,564)
6.03.04	Interest Paid	(157,438)	(53,243)
6.03.05	Payment of Dividends	(198,938)	(130,625)
6.05	Net Increase (Decrease) in Cash and Cash Equivalents	(1,597,244)	359,643
6.05.01	Cash and Cash Equivalents at the Beginning of Period	2,890,331	2,328,783
6.05.02	Cash and Cash Equivalents at the End of Period	1,293,087	2,688,426

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Individual Quarterly Financial Information / Statement of Changes in Shareholders’ Equity – 01/01/2013 to 06/30/2013

R$ (in thousands)

Code	Description	Paid-in Capital	Capital Reserves, Options Granted and Treasury Shares	Profit Reserves	Accumulated Profit/Losses	Shareholders’ Equity
5.01	Opening Balance	6,710,035	228,459	1,556,231	-	8,494,725
5.03	Restated Opening Balance	6,710,035	228,459	1,556,231	-	8,494,725
5.04	Capital Transactions with Shareholders	48,896	(14,372)	-	(33,111)	1,413
5.04.01	Capital Increases	10,871	-	-	-	10,871
5.04.03	Granted Options	-	23,653	-	-	23,653
5.04.06	Dividends	-	-	-	(33,111)	(33,111)
5.04.08	Reserves Capitalization	38,025	(38,025)	-	-	-
5.05	Total Comprehensive Income	-	-	-	278,665	278,665
5.05.01	Net Income for the Period	-	-	-	278,665	278,665
5.06	Internal Changes of Shareholders’ Equity	-	-	(873)	-	(873)
5.06.04	Gain (Loss) in Equity Interest	-	-	(873)	-	(873)
5.07	Closing Balance	6,758,931	214,087	1,555,358	245,554	8,773,930

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Individual Quarterly Financial Information /Statement of Changes in Shareholders’ Equity – 01/01/2012 to 06/30/2012

R$ (in thousands)

Code	Description	Paid-in Capital	Capital Reserves, Options Granted and Treasury Shares	Profit Reserves	Accumulated Profit/Losses	Shareholders’ Equity
5.01	Opening Balance	6,129,405	384,342	1,111,526	-	7,265,273
5.03	Restated Opening Balance	6,129,405	384,342	1,111,526	-	7,265,273
5.04	Capital Transactions with Shareholders	572,166	(182,218)	(358,413)	(27,814)	3,721
5.04.01	Capital Increases	12,847	-	-	-	12,847
5.04.03	Granted Options	-	18,688	-	-	18,688
5.04.06	Dividends	-	-	-	(27,814)	(27,814)
5.04.08	Capitalization of Reserve	559,319	(200,906)	(358,413)	-	-
5.05	Total Comprehensive Income	-	-	-	421,241	421,241
5.05.01	Net Income for the Period	-	-	-	421,241	421,241
5.06	Internal Changes of Shareholders’ Equity	-	-	806	-	806
5.06.04	Gain (Loss) in Equity Interest	-	-	806	-	806
5.07	Closing Balance	6,701,571	202,124	753,919	393,427	8,051,041

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Individual Quarterly Financial Information /Statement of Value Added

R$ (in thousands)

Code	Description	YTD Current Period 1/1/2013 to 6/30/2013	YTD Previous Period 1/1/2012 to 6/30/2012
7.01	Revenues	10,920,951	10,079,404
7.01.01	Sales of Goods, Products and Services	11,093,125	10,038,602
7.01.02	Other Revenues	(169,321)	41,908
7.01.04	Allowance for/Reversal of Doubtful Accounts	(2,853)	(1,106)
7.02	Raw Materials Acquired from Third Parties	(8,606,776)	(8,024,254)
7.02.01	Costs of Products, Goods and Services Sold	(7,804,514)	(7,269,668)
7.02.02	Materials, Energy, Outsourced Services and Other	(802,262)	(754,586)
7.03	Gross Added Value	2,314,175	2,055,150
7.04	Retention	(217,837)	(176,006)
7.04.01	Depreciation and Amortization	(217,837)	(176,006)
7.05	Net Added Value Produced	2,096,338	1,879,144
7.06	Added Value Received in Transfer	242,279	398,342
7.06.01	Equity Pickup	131,800	223,998
7.06.02	Financial Revenue	110,479	174,344
7.07	Total Added Value to Distribute	2,338,617	2,277,486
7.08	Distribution of Added Value	2,338,617	2,277,486
7.08.01	Personnel	1,035,014	849,141
7.08.01.01	Direct Compensation	715,626	588,850
7.08.01.02	Benefits	245,793	193,268
7.08.01.03	Government Severance Indemnity Fund for Employees (FGTS)	62,300	52,442
7.08.01.04	Other	11,295	14,581
7.08.02	Taxes, Fees and Contributions	452,969	425,441
7.08.02.01	Federal	286,257	296,090
7.08.02.02	State	116,329	81,235
7.08.02.03	Municipal	50,383	48,116
7.08.03	Value Distributed to Providers of Capital	571,969	581,663
7.08.03.01	Interest	353,019	397,873
7.08.03.02	Rentals	218,950	183,790
7.08.04	Value Distributed to Shareholders	278,665	421,241
7.08.04.03	Retained Earnings for the Period	278,665	421,241

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Consolidated Quarterly Financial Information /Balance Sheet - Assets

R$ (in thousands)

Code	Description	Current Quarter 06/30/2013	Previous Year 12/31/2012
1	Total Assets	33,402,053	34,832,108
1.01	Current Assets	14,909,748	16,680,302
1.01.01	Cash and Cash Equivalents	5,037,251	7,086,251
1.01.02	Financial Investments	23,111	-
1.01.02.01	Financial Investments Measured Fair Value	23,111	-
1.01.02.01.03	Marketable Securities	23,111	-
1.01.03	Accounts Receivable	2,728,465	2,867,556
1.01.03.01	Trade Accounts Receivable	2,500,922	2,646,079
1.01.03.02	Other Accounts Receivable	227,543	221,477
1.01.04	Inventories	5,895,910	5,759,648
1.01.06	Recoverable Taxes	957,734	871,021
1.01.06.01	Current Recoverable Taxes	957,734	871,021
1.01.07	Prepaid Expenses	178,515	66,792
1.01.08	Other Current Assets	88,762	29,034
1.01.08.01	Noncurrent Assets for Sales	51,334	-
1.01.08.03	Other	37,428	29,034
1.02	Noncurrent Assets	18,492,305	18,151,806
1.02.01	Long-term Assets	4,715,529	4,693,323
1.02.01.03	Accounts Receivable	663,934	664,896
1.02.01.03.01	Trade Accounts Receivable	98,991	108,499
1.02.01.03.02	Other Accounts Receivable	564,943	556,397
1.02.01.04	Inventories	172,280	172,280
1.02.01.06	Deferred Taxes	1,057,286	1,078,842
1.02.01.06.01	Deferred Income and Social Contribution Taxes	1,057,286	1,078,842
1.02.01.07	Prepaid Expenses	53,631	61,892
1.02.01.08	Receivables from Related Parties	199,471	178,420
1.02.01.08.03	Receivables from Controlling Shareholders	-	6,258
1.02.01.08.04	Receivables from Other Related Parties	199,471	172,162
1.02.01.09	Other Noncurrent Assets	2,568,927	2,542,993
1.02.01.09.04	Recoverable Taxes	1,258,284	1,231,642
1.02.01.09.05	Restricted Deposits for Legal Proceeding	949,628	952,294
1.02.01.09.07	Financial Instruments - Option to Put/Call	361,015	359,057
1.02.02	Investments	373,977	362,429
1.02.02.01	Investments in Associates	373,977	362,429
1.02.02.01.01	Investments in Associates	286,642	275,094
1.02.02.01.04	Other Equity Interest	87,335	87,335
1.02.03	Property and Equipment, net	8,506,243	8,114,498
1.02.03.01	In Use	8,186,348	7,761,760
1.02.03.02	Leased Properties	126,276	148,109
1.02.03.03	In Progress	193,619	204,629
1.02.04	Intangible Assets	4,896,556	4,975,556
1.02.04.01	Intangible Assets	4,896,556	4,975,556

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Consolidated Quarterly Financial Information /Balance Sheet – Liabilities

R$ (in thousands)

Code	Description	Current Quarter 06/30/2013	Previous Year 12/31/2012
2	Total Liabilities	33,402,053	34,832,108
2.01	Current Liabilities	13,309,534	13,391,267
2.01.01	Payroll and Related Charges	775,765	728,970
2.01.01.01	Payroll Liabilities	138,846	190,127
2.01.01.02	Social Security Liabilities	636,919	538,843
2.01.02	Trade Accounts Payable	5,856,579	6,240,356
2.01.02.01	Local Trade Payable	5,809,133	6,150,533
2.01.02.02	Foreign Trade Payable	47,439	89,823
2.01.03	Taxes and Contribution Payable	585,574	650,761
2.01.03.01	Federal Tax Liabilities	358,005	410,893
2.01.03.01.01	Income and Social Contribution Taxes Payable	96,451	93,759
2.01.03.01.02	Other (PIS, COFINS, IOF, INSS, Funrural)	261,554	317,134
2.01.03.02	State Tax Liabilities	222,816	233,154
2.01.03.03	Municipal Tax Liabilities	4,753	6,714
2.01.04	Loans and Financing	4,575,218	4,211,150
2.01.04.01	Loans and Financing	3,487,712	3,459,652
2.01.04.01.01	In Local Currency	3,284,433	2,754,029
2.01.04.01.02	In Foreign Currency	203,279	705,623
2.01.04.02	Debentures	1,028,751	668,444
2.01.04.03	Financing by Leasing	58,755	83,054
2.01.05	Other Liabilities	1,513,093	1,535,480
2.01.05.01	Related Parties	48,942	80,399
2.01.05.01.01	Debts with Subsidiaries	36,461	64,181
2.01.05.01.03	Debts with Controlling Shareholders	-	16,218
2.01.05.01.04	Debts with Other Related Parties	12,481	-
2.01.05.02	Other	1,464,151	1,455,081
2.01.05.02.01	Dividends	738	168,798
2.01.05.02.04	Utilities	23,409	22,801
2.01.05.02.05	Rent Payable	48,098	51,377
2.01.05.02.06	Advertisement Payable	82,302	112,976
2.01.05.02.07	Pass-through to Third Parties	216,809	224,099
2.01.05.02.08	Financing Related to Acquisition of Real Estate	102,289	88,181
2.01.05.02.09	Deferred Revenues	84,912	92,120
2.01.05.02.10	Taxes Payable in Installments	142,667	155,368
2.01.05.02.11	Companies’ Acquisition	68,250	63,021
2.01.05.02.12	Other Accounts Payable	694,677	476,340
2.01.06	Provisions	3,312	24,550
2.01.06.02	Other Provisions	3,312	24,550
2.01.06.02.02	Provisions for Restructuring	3,312	24,550
2.02	Noncurrent Liabilities	8,671,560	10,372,890
2.02.01	Loans and Financing	4,653,346	6,281,104
2.02.01.01	Loans and Financing	1,601,952	2,377,214
2.02.01.01.01	In Local Currency	1,601,952	2,176,652
2.02.01.01.02	In Foreign Currency	-	200,562
2.02.01.02	Debentures	2,895,991	3,741,353
2.02.01.03	Financing by Leasing	155,403	162,537
2.02.02	Other Liabilities	1,388,189	1,708,384
2.02.02.02	Other	1,388,189	1,708,384
2.02.02.02.03	Taxes Payable by Installments	1,108,691	1,204,543
2.02.02.02.04	Other Accounts Payable	116,236	345,640
2.02.02.02.05	Accounts Payable Related to Acquisition of Companies	163,262	158,201
2.02.03	Deferred Taxes	1,111,016	1,137,376

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Consolidated Quarterly Financial Information /Balance Sheet – Liabilities

R$ (in thousands)

Code	Description	Current Quarter 06/30/2013	Previous Year 12/31/2012
2.02.03.01	Deferred Income and Social Contribution Taxes	1,111,016	1,137,376
2.02.04	Provisions for Contingencies	1,078,188	774,361
2.02.04.01	Tax, Social Security, Labor and Civil Provisions	1,078,188	774,361
2.02.04.01.01	Tax Provisions	611,965	450,639
2.02.04.01.02	Social Security and Labor Provisions	314,458	190,836
2.02.04.01.04	Civil Provisions	151,765	132,886
2.02.06	Deferred Revenues	440,821	471,665
2.02.06.02	Deferred Revenues	440,821	471,665
2.03	Consolidated Shareholders’ Equity	11,420,959	11,067,951
2.03.01	Paid-in Capital Stock	6,758,931	6,710,035
2.03.02	Capital Reserves	214,087	228,459
2.03.02.02	Special Goodwill Reserve	-	38,025
2.03.02.04	Granted Options	206,689	183,036
2.03.02.07	Capital Reserve	7,398	7,398
2.03.04	Profit Reserves	1,555,358	1,556,231
2.03.04.01	Legal Reserve	300,808	300,808
2.03.04.05	Profit Retention Reserve	793,993	795,865
2.03.04.10	Expansion Reserve	460,557	460,558
2.03.05	Retained Earnings/ Accumulated Losses	245,554	-
2.03.09	Noncontrolling Interest	2,647,029	2,573,226

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Consolidated Quarterly Financial Information / Statement of Income

R$ (in thousands)

Code	Description	YTD Current Year 4/1/2013 to 6/30/2013	YTD Current Year 1/1/2013 to 6/30/2013	YTD Previous Year 4/1/2011 to 6/30/2011	YTD Previous Year 1/1/2012 to 6/30/2012
3.01	Net Sales from Goods and/or Services	13,382,920	26,765,784	12,037,419	24,184,870
3.02	Cost of Goods Sold and/or Services Sold	(9,832,445)	(19,681,982)	(8,808,171)	(17,711,388)
3.03	Gross Profit	3,550,475	7,083,802	3,229,248	6,473,482
3.04	Operating Income/Expenses	(3,155,099)	(6,039,666)	(2,626,522)	(5,289,153)
3.04.01	Selling Costs	(2,249,187)	(4,536,249)	(2,037,003)	(4,097,631)
3.04.02	General and Administrative	(365,039)	(767,777)	(416,296)	(853,632)
3.04.04	Other Operating Income	(13,706)	(3,026)	22,238	32,994
3.04.04.01	Income Related to Fixed Assets	(8,749)	(13,813)	(9,694)	(2,967)
3.04.04.02	Other Operating Income	(4,957)	10,787	31,932	35,961
3.04.05	Other Operating Expenses	(531,089)	(745,391)	(192,794)	(373,069)
3.04.05.01	Depreciation/Amortization	(195,124)	(390,035)	(177,320)	(351,789)
3.04.05.03	Other Operating Expenses	(335,965)	(355,356)	(15,474)	(21,280)
3.04.06	Equity Pickup	3,922	12,777	(2,667)	2,185
3.05	Profit before Net Financial Expenses and Social Contribution Taxes	395,376	1,044,136	602,726	1,184,329
3.06	Net finance expenses	(299,658)	(554,013)	(284,728)	(620,478)
3.06.01	Financial Revenue	128,048	270,674	151,013	296,637
3.06.02	Financial Expenses	(427,706)	(824,687)	(435,741)	(917,115)
3.07	Earnings Before Income and Social Contribution Taxes	95,718	490,123	317,998	563,851
3.08	Income and Social Contribution Taxes	(18,751)	(137,888)	(72,714)	(156,396)
3.08.01	Current	(54,106)	(142,692)	(50,905)	(102,986)
3.08.02	Deferred	35,355	4,804	(21,809)	(53,410)
3.09	Net Income from Continued Operations	76,967	352,235	245,284	407,455
3.11	Consolidated Net Income/Loss for the Period	76,967	352,235	245,284	407,455
3.11.01	Attributed to Partners of Parent Company	42,090	278,665	254,649	421,241
3.11.02	Attributed to Noncontrolling Shareholders	34,877	73,570	(9,365)	(13,786)
3.99	Earnings per Share - (Reais / Share)
3.99.01	Earnings Basic per Share
3.99.01.01	ON	0.15000	1.00000	0.92000	1.52000
3.99.01.02	PN	0.16000	1.09000	1.01000	1.67000
3.99.02	Earnings Diluted per Share
3.99.02.01	ON	0.15000	1.00000	0.92000	1.52000
3.99.02.02	PN	0.16000	1.09000	1.00000	1.66000

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Consolidated Quarterly Financial Information / Comprehensive Income for the Period

R$ (in thousands)

Code	Description	YTD Current Year 4/1/2013 to 6/30/2013	YTD Current Year 1/1/2013 to 6/30/2013	YTD Previous Year 4/1/2012 to 6/30/2012	YTD Previous Year 1/1/2012 to 6/30/2012
4.01	Net Income for the Period	76,967	352,235	245,284	407,455
4.03	Comprehensive Income for the Period	76,967	352,235	245,284	407,455
4.03.01	Attributed to Controlling Shareholders	42,090	278,665	254,649	421,241
4.03.02	Attributed to Non-Controlling Shareholders	34,877	73,570	(9,365)	(13,786)

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Consolidated Quarterly Financial Information /Statement of Cash Flows – Indirect Method

R$ (in thousands)

Code	Description	YTD Current Period 1/1/2013 to 6/30/2013	YTD Previous Period 1/1/2012 to 6/30/2012
6.01	Net Cash Flow Operating Activities	602,187	60,609
6.01.01	Cash Provided by the Operations	1,719,795	1,548,106
6.01.01.01	Net Income for the Period	352,235	407,455
6.01.01.02	Deferred Income and Social Contribution Taxes	(4,804)	53,410
6.01.01.03	Results from Disposal of Fixed Assets	13,813	2,957
6.01.01.04	Depreciation/Amortization	426,701	392,170
6.01.01.05	Net Finance Results	464,450	562,522
6.01.01.06	Adjustment to Present Value	1,724	(587)
6.01.01.07	Equity Pickup	(12,777)	(2,185)
6.01.01.08	Payment Provision for Contingencies	287,614	66,745
6.01.01.09	Provision for Disposals and Impairment of Property and Equipment	2,773	(308)
6.01.01.10	Share-Based payment	23,653	18,688
6.01.01.11	Allowance for Doubtful Accounts	23,329	195,050
6.01.01.12	Gain (Loss) in Equity Interest Dilution	-	(26,863)
6.01.01.13	Barter Revenue	-	(96,810)
6.01.01.14	Provision for Obsolescence/Shrinkage	(15,840)	(26,863)
6.01.01.15	Deferred Revenue	(30,844)	-
6.01.01.16	Noncurrent expenses	187,768	-
6.01.02	Changes in Assets and Liabilities	(1,117,608)	(1,487,497)
6.01.02.01	Accounts Receivable	115,895	298,569
6.01.02.02	Inventories	(136,172)	571,952
6.01.02.03	Recoverable Taxes	(146,375)	(214,935)
6.01.02.04	Financial instruments	-	(51,048)
6.01.02.05	Other Assets	(110,627)	(82,327)
6.01.02.06	Related Parties	(82,938)	(59,356)
6.01.02.07	Restricted Deposits for Legal Proceeding	(115,693)	(96,203)
6.01.02.08	Trade Accounts Payable	(370,827)	(1,652,536)
6.01.02.09	Payroll Charges	46,795	77,728
6.01.02.10	Taxes and Social Contributions Payable	(155,452)	(200,422)
6.01.02.11	Other Accounts Payable	(99,237)	(78,919)
6.01.02.12	Financial Investments	(22,977)	-
6.02	Net Cash Flow Investing Activities	(774,496)	(544,125)
6.02.01	Companies Acquisition	8,192	3,149
6.02.02	Capital Increase in Subsidiaries	-	53
6.02.03	Acquisition of Property and Equipment	(768,278)	(554,674)
6.02.04	Increase Intangible Assets	(58,649)	(30,301)
6.02.05	Sales of Property and Equipment	44,239	37,477
6.02.06	Net Cash Acquisition	-	171
6.03	Net Cash flow Financing Activities	(1,876,691)	986,944
6.03.01	Capital Increase/Decrease	10,871	12,847
6.03.02	Additions	2,408,397	4,566,907
6.03.03	Payments	(3,782,204)	(3,326,062)
6.03.04	Interest Paid	(312,584)	(136,123)
6.03.05	Payment of Dividends	(201,171)	(130,625)
6.05	Net Increase (Decrease) in Cash and Cash Equivalents	(2,049,000)	503,428
6.05.01	Cash and Cash Equivalents at the Beginning of Period	7,086,251	4,969,955
6.05.02	Cash and Cash Equivalents at the End of Period	5,037,251	5,473,383

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Consolidated Quarterly Financial Information /Statement of Changes in Shareholders’ Equity –01/01/2013 to 06/30/2013

R$ (in thousands)

Code	Description	Paid-in Capital	Capital Reserves, Options Granted and Treasury Shares	Profit Reserves	Accumulated Profit/Losses	Other Comprehensive Income	Shareholders’ Equity	Noncontrolling Interest	Consolidated Shareholders’ Equity
5.01	Opening Balance	6,710,035	228,459	1,556,231	-	-	8,494,725	2,573,226	11,067,951
5.03	Restated Opening Balance	6,710,035	228,459	1,556,231	-	-	8,494,725	2,573,226	11,067,951
5.04	Capital Transactions with Shareholders	48,896	(14,372)	-	(33,111)	-	1,413	-	1,413
5.04.01	Capital Increases	10,871	-	-	-	-	10,871	-	10,871
5.04.03	Granted Options	-	23,653	-	-	-	23,653	-	23,653
5.04.06	Dividends	-	-	-	(33,111)	-	(33,311)	-	(33,311)
5.04.08	Capitalization of Reserve	38,025	(38,025)	-	-	-	-	-	-
5.05	Total Comprehensive Income	-	-	-	(278,665)	-	278,665	73,570	352,235
5.05.01	Net Income for the Period	-	-	-	(278,665)	-	278,665	73,570	352,235
5.06	Internal Changes of Shareholders’ Equity	-	-	(873)	-	-	(873)	233	(640)
5.06.04	Gain (Loss) in Equity Interest	-	-	(873)	-	-	(873)	233	(640)
5.07	Closing Balance	6,758,931	214,087	1,555,358	245,554	-	8,773,930	2,647,029	11,420,959

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Consolidated Quarterly Financial Information /Statement of Changes in Shareholders’ Equity – 01/01/2012 to 06/30/2012

R$ (in thousands)

Code	Description	Paid-in Capital	Capital Reserves, Options Granted and Treasury Shares	Profit Reserves	Accumulated Profit/Losses	Other Comprehensive Income	Shareholders’ Equity	Noncontrolling Interest	Consolidated Shareholders’ Equity
5.01	Opening Balance	6,129,405	384,342	1,111,526	-	-	7,625,273	2,469,152	10,094,425
5.03	Restated Opening Balance	6,129,405	384,342	1,111,526	-	-	7,625,273	2,469,152	10,094,425
5.04	Capital Transactions with Shareholders	572,166	(182,218)	(358,413)	(27,814)	-	3,721	-	3,721
5.04.01	Capital Increase	12,847	-	-	-	-	12,847	-	12,847
5.04.03	Granted Options	-	18,688	-	-	-	18,688	-	18,688
5.04.06	Dividends	-	-	-	(27,814)	-	(27,814)	-	(27,814)
5.04.08	Capitalization of Reserves	559,319	(200,906)	(358,413)	-	-	-	-	-
5.05	Total Comprehensive Income	-	-	-	421,241	-	421,241	(13,786)	407,455
5.05.01	Net Income for the Period	-	-	-	421,241	-	421,241	(13,786)	407,455
5.06	Internal Changes of Shareholders’ Equity	-	-	806	-	-	806	371	1,177
5.06.04	Gain (Loss) in Equity Interest	-	-	806	-	-	806	371	1,177
5.07	Closing Balance	6,701,571	202,124	753,919	393,427	-	8,051,041	2,455,737	10,506,778

Page 19

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR –– Quarterly Financial Information – June 30, 2013 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Version: 1

Consolidated Quarterly Financial Information /Statement of Value Added

R$ (in thousands)

Code	Description	YTD Current Period 1/1/2013 to 6/30/2013	YTD Previous Period 1/1/2012 to 6/30/2012
7.01	Revenues	29,498,553	27,145,572
7.01.01	Sales of Goods, Products and Services	29,903,610	27,171,747
7.01.02	Other Revenues	(188,639)	105,082
7.01.04	Allowance for/Reversal of Doubtful Accounts	(216,418)	(131,257)
7.02	Raw Materials Acquired from Third Parties	(22,717,171)	(20,563,143)
7.02.01	Costs of Products, Goods and Services Sold	(20,190,341)	(18,142,776)
7.02.02	Materials, Energy, Outsourced Services and Other	(2,526,830)	(2,420,367)
7.03	Gross Added Value	6,781,382	6,582,429
7.04	Retention	(426,701)	(392,170)
7.04.01	Depreciation and Amortization	(426,701)	(392,170)
7.05	Net Added Value Produced	6,354,681	6,190,259
7.06	Added Value Received in Transfer	283,451	298,822
7.06.01	Equity Pickup	12,777	2,185
7.06.02	Financial Revenue	270,674	296,637
7.07	Total Added Value to Distribute	6,638,132	6,489,081
7.08	Distribution of Added Value	6,638,132	6,489,081
7.08.01	Personnel	2,772,991	2,754,785
7.08.01.01	Direct Compensation	2,021,319	1,871,519
7.08.01.02	Benefits	496,144	429,850
7.08.01.03	Government Severance Indemnity Fund for Employees (FGTS)	179,529	180,470
7.08.01.04	Other	75,999	272,946
7.08.01.04.01	Interest	75,999	272,946
7.08.02	Taxes, Fees and Contributions	2,027,820	1,862,421
7.08.02.01	Federal	1,219,478	1,145,310
7.08.02.02	State	698,832	603,830
7.08.02.03	Municipal	109,510	113,281
7.08.03	Value Distributed to Providers of Capital	1,485,086	1,464,420
7.08.03.01	Interest	824,687	917,115
7.08.03.02	Rentals	660,399	547,305
7.08.04	Value Distributed to Shareholders	352,235	407,455
7.08.04.03	Retained Earnings/ Accumulated Losses for the Period	278,665	421,241
7.08.04.04	Noncontrolling Interest in Retained Earnings	73,570	(13,786)

Page 20

2Q13 Earnings Release

Net income up 35.8% to R$ 327 million

São Paulo, Brazil, July 23, 2013 - Grupo Pão de Açúcar [BM&FBOVESPA: PCAR4 (PN); NYSE: CBD] and Via Varejo [BM&FBOVESPA: VVAR3] announce their results for the second quarter of 2013 (2Q13). The results are presented in the segments as follows: GPA Food, formed by supermarkets (Pão de Açúcar, Extra Supermercado and PA Delivery), hypermarkets (Extra Hiper), neighborhood stores (Minimercado Extra), cash-and-carry stores (Assaí), GPA Malls & Properties, gas stations and drugstores; and GPA Consolidated, formed by GPA Food and Viavarejo (Casas Bahia and Pontofrio brick-and-mortar stores) and Nova Pontocom's e-commerce operations: Extra.com.br, PontoFrio.com.br, Casasbahia.com.br, Barateiro.com.br, PartiuViagens.com.br, e-Plataforma and Atacado Pontofrio). More information on the results of the subsidiary Via Varejo S.A. can be found in its respective earnings release disclosed on this date.

GPA Consolidated

Gross sales revenue reached R$ 14.919 billion

§ Gross sales revenue totaled R$ 14.919 billion, up 10.4% over 2Q12. In 1H13, excluding the effect of early Easter, sales increased by 10.1%;

§ 33 new stores added 29,000 square meters to sales area in the period. Sales area increased 2.2% year-to-date;

§ Same-store growth reached 7.3%, benefited by Viavarejo’s same-store growth increase;

§ EBITDA at R$ 609 million, impacted by Other Operating Expenses and Revenues amounting to R$ 350 million in the period. The EBITDA adjusted by these effects increased 20.6%, with margin at 7.2%;

§ Sales, general and administrative expenses as percentage of net sales revenue decline in all operations. In GPA Consolidated, it declined from 20.5% to 19.5% in 2Q13.

GPA Food

Gross sales revenue up 8.8% in 2Q13, with adjusted EBITDA margin at 7.0%

§ Gross sales revenue, excluding real estate projects, totaled R$ 7.984 billion, up 8.8% over 2Q12;

§ Increase in expansion pace: 29 new stores in 2Q13. Sales area increased 2.9% year-to-date;

§ Same-store growth of 4.8% in food categories, due to the early Easter, which was in 1Q13;

§ EBITDA at R$ 253 million, impacted by Other Operating Expenses and Revenues of R$ 260 million in the period. EBITDA adjusted by these effects would be R$ 512 million, with EBITDA margin at 7.0%.


	GPA Consolidated						GPA Food (ex. real estate projects)			Viavarejo
(R$ million)⁽¹⁾	2Q13	2Q12	Δ	1H13	1H12	Δ	2Q13	2Q12	Δ	2Q13	2Q12	Δ

Gross Sales Revenue	14,919	13,512	10.4%	29,904	27,172	10.1%	7,984	7,339	8.8%	6,936	6,075	14.2%
Net Sales Revenue	13,383	12,037	11.2%	26,766	24,185	10.7%	7,321	6,622	10.6%	6,062	5,318	14.0%
Gross Profit	3,550	3,229	9.9%	7,084	6,473	9.4%	1,812	1,693	7.0%	1,739	1,438	20.9%
Gross Margin	26.5%	26.8%	-0.3 p.p.	26.5%	26.8%	-0.3 p.p.	24.7%	25.6%	-0.9 p.p.	28.7%	27.0%	1.7 p.p.
EBITDA	609	801	-24.0%	1,471	1,577	-6.7%	253	483	-47.7%	356	220	61.5%
EBITDA Margin⁽²⁾	4.5%	6.7%	-2.2 p.p.	5.5%	6.5%	-1.0 p.p.	3.4%	7.3%	-3.9 p.p.	5.9%	4.1%	1.8 p.p.
Adjusted EBITDA	958	794	20.6%	1,829	1,565	16.9%	512	474	8.1%	446	222	100.5%
Adjusted EBITDA Margin	7.2%	6.6%	0.6 p.p.	6.8%	6.5%	0.3 p.p.	7.0%	7.2%	-0.2 p.p.	7.4%	4.2%	3.2 p.p.
Net Financial Revenue (Expenses)	(300)	(285)	5.2%	(554)	(620)	-10.7%	(129)	(121)	7.0%	(170)	(164)	3.9%
% of net sales revenue	2.2%	2.4%	-0.2 p.p.	2.1%	2.6%	-0.5 p.p.	1.8%	1.8%	0.0 p.p.	2.8%	3.1%	-0.3 p.p.
Company's net profit	77	245	-68.6%	352	407	-13.6%	(18)	142	-113.0%	95	5	1667.4%
Net Margin	0.6%	2.0%	-1.4 p.p.	1.3%	1.7%	-0.4 p.p.	-0.3%	2.1%	-2.4 p.p.	1.6%	0.1%	1.5 p.p.
Adjusted Net Income	327	241	35.8%	610	400	52.6%	172	136	26.6%	155	7	2112.5%
Adjusted Net Margin	2.4%	2.0%	0.4 p.p.	2.3%	1.7%	0.6 p.p.	2.4%	2.1%	0.3 p.p.	2.6%	0.1%	2.5 p.p.
(1) Totals and percentage changes are rounded off and all margins were calculated as percentage of net sales revenue.
(2) Earnings before Interest, Taxes, Depreciation, Amortization

Page 21

For better comparability of results, the following comments do not include the results of the real estate projects implemented by the Company in 2Q12 in partnership with construction companies, which generated non-recurring revenue of R$ 98 million.

Sales Performance


	Gross Sales Revenue						Net Sales Revenue
(R$ million)	2Q13	2Q12	Δ	1H13	1H12	Δ	2Q13	2Q12	Δ	1H13	1H12	Δ

GPA Consolidated (ex-real estate projects )	14,919	13,414	11.2%	29,904	27,074	10.5%	13,383	11,939	12.1%	26,766	24,087	11.1%

GPA Food (ex-real estate projects)	7,984	7,339	8.8%	16,132	14,710	9.7%	7,321	6,622	10.6%	14,703	13,278	10.7%
Retail	6,425	6,197	3.7%	13,147	12,436	5.7%	5,887	5,579	5.5%	11,965	11,200	6.8%
Cash and Carry	1,558	1,142	36.4%	2,985	2,273	31.3%	1,434	1,043	37.5%	2,738	2,078	31.8%
GPA Non Food	6,936	6,075	14.2%	13,771	12,364	11.4%	6,062	5,318	14.0%	12,062	10,809	11.6%
Viavarejo - bricks and mortar stores	5,873	5,236	12.2%	11,757	10,633	10.6%	5,113	4,552	12.3%	10,256	9,232	11.1%
Nova Pontocom	1,062	840	26.5%	2,014	1,731	16.4%	949	765	24.1%	1,806	1,577	14.6%
Real Estate Projects	-	98	-	-	98	-	-	98	-	-	98	-


Gross 'Same-Store' Sales Revenue

	2Q13	1H13

GPA Consolidated	7.3%	7.0%

Food	4.8%	7.2%
Non-food	9.3%	6.8%

Consolidated gross sales revenue totaled R$14.919 billion, up 11.2% over 2Q12. GPA Food’s gross revenue increased 8.8% and Viavarejo’s increased 14.2%.

The Company’s focus on expansion enabled the inauguration of 33 new stores in the quarter, of which 23 Minimercado Extra, four Casas Bahia three Assaí, two Pão de Açúcar and one drugstore. During the quarter, over 29,000 square meters were added to the GPA Consolidated’s sales area, which represents an increase of 1.0% over the end of March. From January to June, the area growth was at 2.2%. The company reaffirms its commitment to the area expansion guidance of above 6% for GPA Food and between 2% and 3% for Viavarejo for 2013. Such guidance does not consider the settlement agreement (Termo de Compromisso de Desempenho ‐ TCD) with Brazil’s antitrust agency CADE (Conselho Administrativo de Defesa Econômica) – more information about TCD on page 7. Another highlight in the quarter was the performance of Nova Pontocom, which once again posted double-digit growth.

In 1H13, excluding the effect of early Easter, gross sales totaled R$ 29.904 billion, up 10.5% over 1H12.

Same-store sales increased 7.3% in 2Q13, driven by the accelerated same-store growth of Viavarejo in the past quarters.

Page 22

Sales of the Group’s food categories posted same-store growth of 4.8%, impacted by the early Easter in 2013, which was celebrated in the first quarter. The Company estimates that the impact of the early Easter in the sales growth, in 2Q13, was approximately 300 basis points. Considering the calendar effect, same-store sales would increase by 7.8%, above inflation. Considering the six-month period, in which the calendar effect is not valid, same-store growth was 7.2%, which represents a real growth of 0.5% i.e. deflated by the IPCA inflation index for the last 12 months.

Minimercado Extra and Assaí banners posted double-digit growth in same-store sales.

Sales of the Group’s non-food categories, which include Viavarejo and the non-food categories of Extra Hiper, posted same-store growth of 9.3%, spurred by Viavarejo’s performance. The bricks-and-mortar stores posted ‘same‐store’ sales growth of 9.5%, fueled by the effective marketing campaigns combined with the commercial strategy, in addition to sales related to Mother’s Day. Nova Pontocom posted growth of 26.5% in the quarter, thanks to a price repositioning strategy in its different banners. In real terms, considering the inflation in the electronics, furniture and mattress categories in the past 12 months, as released by the Brazilian Institute of Geography and Statistics (IBGE), weighted by the product mix of the bricks-and-mortar stores and Nova Pontocom, gross revenue sales grew 8.7%.

In the second half of June, popular uprisings in Brazil forced the Company to shut certain stores for some hours at specific periods. The Management believes that the impacts on sales and other expenses were minor and did not significantly affect the 2Q13 performance.

Grupo Pão de Açúcar, through its banners Casas Bahia, Pontofrio and Extra Hiper, participate in the federal government’s ”Minha Casa Melhor” program, launched in June, which offer the beneficiaries of the “Minha Casa, Minha Vida” program a special credit facility to acquire furniture and home appliances. All of the Company’s businesses that sell the items included in the product basket subsidized by the credit facility are committed to meeting the demand of these new consumers.

Page 23

Operating Performance


	GPA Consolidated (ex. real estate projects)
	2Q13	2Q12	Δ	1H13	1H12	Δ

Gross Sales Revenue	14,919	13,414	11.2%	29,904	27,074	10.5%
Net Sales Revenue	13,383	11,939	12.1%	26,766	24,087	11.1%
Gross Profit	3,550	3,131	13.4%	7,084	6,375	11.1%
Gross Margin	26.5%	26.2%	0.3 p.p.	26.5%	26.5%	0.0 p.p.
Selling Expenses	(2,249)	(2,037)	10.4%	(4,536)	(4,098)	10.7%
General and Administrative Expenses	(365)	(416)	-12.3%	(768)	(854)	-10.1%
Equity Income	4	(3)	-	13	2	484.7%
Other Operating Revenue (Expenses)	(350)	7	-	(358)	12	-
Total Operating Expenses	(2,960)	(2,449)	20.9%	(5,650)	(4,937)	14.4%
% of Net Sales Revenue	22.1%	20.5%	1.6 p.p.	21.1%	20.5%	0.6 p.p.
Depreciation (Logistic)	18	21	-14.1%	37	40	-9.2%
EBITDA ^{(1) (2)}	609	703	-13.4%	1,471	1,478	-0.5%
EBITDA Margin	4.5%	5.9%	-1.4 p.p.	5.5%	6.1%	-0.6 p.p.
Adjusted EBITDA ⁽³⁾	958	696	37.6%	1,829	1,467	24.7%
Adjusted EBITDA Margin	7.2%	5.8%	1.4 p.p.	6.8%	6.1%	0.7 p.p.

(1) As of 4Q12, the results of Equity Income and Other Operating Income (Expenses) were included along with Total Operating Expenses in the calculation of EBITDA. Thus, the calculation of EBITDA complies with Instruction 527 dated October 4, 2012, issued by the Securities and Exchange Commission of Brazil (CVM).

(2) As from 1Q13, the depreciation recognized in the cost of goods sold, essentially consisting of the depreciation of distribution centers, began to be specified in the calculation of EBITDA.

(3) The explanation is available on page 11.

The Company’s gross margin increased by 30 basis points, reflecting the price repositioning in food retail, which was supported by a reduction in expenses. As in 1Q13, Assaí banner adopted more competitive prices in the new stores, in line with the banner’s strategy to generate traffic.

In terms of operational efficiency gains, the highlight was the reduction in the ratio between Viavarejo’s selling, general and administrative expenses and net revenue, from 23.1% in 2Q12 to 21.5% in 2Q13, due to the gains of synergy from the Productivity Plan and the higher rationalization of staff, marketing and IT expenses.

In 2Q13, the Company incurred in Other Operating Expenses and Revenues of R$ 350 million. It is worth mentioning the provisions for tax risks (R$ 163 million), effects related to the association between Pontofrio and Casas Bahia ^(*) (R$ 67 million), restructuring expenses and results from fixed assets (R$ 51 milion) and provisions related to labor claims and others (R$ 69 million).

EBITDA totaled R$ 609 million, due to the recognition of Other Operating Expenses and Revenues, as mentioned above. Adjusted EBITDA, which excludes such Other Operating Expenses and Revenues, would be R$ 958 million, up 37.6%, with ajusted EBITDA margin 7.2%.

In Viavarejo, the further gains of synergies and the implementation of new processes and elimination of operating expenses resulted in an EBITDA growth of 61.5%.

The six-month analysis, which excludes the calendar effect of Easter and the expense mentioned above, EBITDA increased by 24.7%, to R$ 1.829 billion.

(*) Refers to the effects related to the project by external consultants especially hired to analyze the accounting entries related to the association between Pontofrio and Casas Bahia.

Page 24

GPA Food (Retail and Cash-and-carry stores)

Food Retail (Extra and Pão de Açúcar)


	Food Retail (ex. real estate projects)
	2Q13	2Q12	Δ	1H13	1H12	Δ

Gross Sales Revenue	6,425	6,197	3.7%	13,147	12,436	5.7%
Net Sales Revenue	5,887	5,579	5.5%	11,965	11,200	6.8%
Gross Profit	1,611	1,535	5.0%	3,305	3,106	6.4%
Gross Margin	27.4%	27.5%	-0.1 p.p.	27.6%	27.7%	-0.1 p.p.
Selling Expenses	(974)	(945)	3.1%	(1,987)	(1,883)	5.6%
General and Administrative Expenses	(186)	(170)	9.2%	(379)	(353)	7.5%
Equity Income	3	(2)	-	10	2	380.2%
Other Operating Revenue (Expenses)	(261)	8	-	(284)	(2)	-
Total Operating Expenses	(1,418)	(1,109)	27.9%	(2,641)	(2,235)	18.1%
% of Net Sales Revenue	24.1%	19.9%	4.2 p.p.	22.1%	20.0%	2.1 p.p.
Depreciation (Logistic)	11	10	4.7%	21	19	7.3%
EBITDA	204	436	-53.3%	685	890	-23.0%
EBITDA Margin	3.5%	7.8%	-4.3 p.p.	5.7%	7.9%	-2.2 p.p.
Adjusted EBITDA	465	428	8.6%	969	892	8.7%
Adjusted EBITDA Margin	7.9%	7.7%	0.2 p.p.	8.1%	8.0%	0.1 p.p.

Gross margin decreased by 10 basis points, while selling, general and administrative expenses accounted for 19.7% of net sales revenue, down 30 basis points.

EBITDA was impacted by Other Operating Expenses and Revenues totaling R$ 261.0 million. EBITDA totaled R$ 204 million, down 53.3% over 2Q12. EBITDA adjusted by the above-mentioned effect was R$ 465 million, with margin at 7.9%. Compared to 2Q12, growth would be 8.6%, higher than revenue growth.

Management expects futher reductions on operating expenses over the year which may be converted into lower prices for consumers to increase store traffic. With such strategy, the Company’s market share is expected to increase over the next quarters.

GPA Malls & Properties launched a new brand in June, Conviva, which is based on the neighborhood malls concept and aims to fill the gap between street stores and large commercial centers. Its first project, Conviva Américas, is anchored by an innovative concept of a Pão de Açúcar store, in addition to major sports, baby and gym retail chains, and another 35 satellite stores, including a food court. Conviva attracts customer traffic for the Pão de Açúcar store while diversies the group’s revenue with rental revenue. The project has a gross leasable area of 12,500 square meters. The Company expects to deliver at least 35,000 square meters of new gross leasable area in commercial centers this year.

Page 25

Cash-and-carry stores (Assaí)


	Cash and Carry
	2Q13	2Q12	Δ	1H13	1H12	Δ

Gross Sales Revenue	1,558	1,142	36.4%	2,985	2,273	31.3%
Net Sales Revenue	1,434	1,043	37.5%	2,738	2,078	31.8%
Gross Profit	200	158	26.5%	375	304	23.5%
Gross Margin	14.0%	15.2%	-1.2 p.p.	13.7%	14.6%	-0.9 p.p.
Selling Expenses	(136)	(102)	32.6%	(259)	(204)	27.1%
General and Administrative Expenses	(17)	(10)	66.4%	(33)	(21)	57.7%
Other Operating Revenue (Expenses)	1.2	0.8	48.8%	1.3	0.3	288.3%
Total Operating Expenses	(152)	(112)	35.6%	(291)	(224)	29.6%
% of Net Sales Revenue	10.6%	10.7%	-0.1 p.p.	10.6%	10.8%	-0.2 p.p.
Depreciation (Logistic)	0.01	0.05	-76.8%	0.08	0.07	18.5%
EBITDA	49	47	4.6%	85	80	6.5%
EBITDA Margin	3.4%	4.5%	-1.1 p.p.	3.1%	3.8%	-0.7 p.p.
Adjusted EBITDA	48	46	3.8%	84	79	5.4%
Adjusted EBITDA Margin	3.3%	4.4%	-1.1 p.p.	3.1%	3.8%	-0.7 p.p.

Gross sales revenue totaled R$ 1.558 billion, up 36.4% over 2Q12, while EBITDA increased 4.6%, with margin at 3.4%. The first stores launched in new states demand more investments in marketing and more competitive prices, which lead to a natural margin contraction in the first months of operation at the newly opened stores in these regions. The success of this strategy is reflected in the sales performance of the recently opened stores, which exceeded initial expectations.

Keeping the aggressive store-opening plan for 2013 and, as already mentioned in 1Q13, the Company in 2Q13 delivered three new Assaí stores - in Ceará, Mato Grosso do Sul and Paraná. In the first six months of 2013, six new stores were opened, of which five were the first stores in their respective states. These six new stores represent 33,160 square meters of sales area and 74,200 square meters of built-up area. In the last 10 months, Assaí doubled the number of states in which it operates, from six to 12.The inauguration of stores in new regions was concentrated in the first half and other eight stores will be delivered in the second half of the year.

The increase in operating expenses continues to lag behind revenue growth. The low-expense business model sustains the more competitive pricing strategy. Management believes that this model will bring operating expenses down to below 10% of net revenue in the medium term.

Page 26

Electronics and home appliances (Viavarejo bricks-and-mortar stores and Nova Pontocom)


	Viavarejo
	2Q13	2Q12	Δ	1H13	1H12	Δ

Gross Sales Revenue	6,936	6,075	14.2%	13,771	12,364	11.4%
Net Sales Revenue	6,062	5,318	14.0%	12,062	10,809	11.6%
Gross Profit	1,739	1,438	20.9%	3,403	2,966	14.8%
Gross Margin	28.7%	27.0%	1.7 p.p.	28.2%	27.4%	0.8 p.p.
Selling Expenses	(1,139)	(990)	15.1%	(2,290)	(2,011)	13.9%
General and Administrative Expenses	(162)	(236)	-31.3%	(355)	(480)	-25.9%
Equity Income	1	(0)	-	3	0	2156.5%
Other Operating Revenue (Expenses)	(90)	(2)	4276.0%	(76)	13	-
Total Operating Expenses	(1,390)	(1,229)	13.2%	(2,718)	(2,478)	9.7%
% of Net Sales Revenue	22.9%	23.1%	-0.2 p.p.	22.5%	22.9%	-0.4 p.p.
Depreciation (Logistic)	8	11	-31.0%	16	21	-24.6%
EBITDA	356	220	61.5%	701	509	37.8%
EBITDA Margin	5.9%	4.1%	1.8 p.p.	5.8%	4.7%	1.1 p.p.
Adjusted EBITDA	446	222	100.5%	776	495	56.7%
Adjusted EBITDA Margin	7.4%	4.2%	3.2 p.p.	6.4%	4.6%	1.8 p.p.

The operational improvement was coupled with the acceleration in sales. The business posted higher sales growth than in previous quarters. The 180-basis-point increase in EBITDA margin is due to the gain in gross margin, which increased due to a more efficient logistics and increased penetration of sale of services, as well as a reduction in selling, general and administrative expenses as percentage of net revenue.

Furthermore, EBITDA was negatively impacted by Other Operating Expenses and Revenues, which totaled R$ 90 million, mainly due to the adjustments recommended by external consultants especially hired to analyze the accounting entries related to the association between Pontofrio and Casas Bahia. Adjusted EBITDA margin, excluding the effects mentioned above, would be 7.4% in the 2Q13, up 320 basis point over 2Q12.

The 160-basis-point decrease in selling, general and administrative expenses as a percentage of net sales revenue was due to the synergies captured with the Productivity Plan, mainly due to the greater rationalization of personnel, marketing and IT expenses.

As a result of the settlement agreement (Termo de Compromisso de Desempenho ‐ TCD) with Brazil’s antitrust agency CADE (Conselho Administrativo de Defesa Econômica), 74 stores are in the process of being divested, which together represent approximately 3% of Viavarejo’s gross sales in 2012, as mentioned in a material fact released on 04/17/2013. The Company will keep its shareholders and the market informed about any developments related to the compliance with the TCD.

In 1H13, EBITDA totaled R$ 701 million, up 37.8% over 1H12. EBITDA margin increased 110 basis points to 5.8%. Adjusted by Other Operating Expenses and Revenues, EBITDA would be R$ 776 million, with margin at 6.4%. The Company reaffirms its EBITDA margin guidance above 6.6% in the year.

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Indebtedness


	GPA Consolidated		GPA Food
(R$ million)	06.30.2013	03.31.2013	06.30.2013	03.31.2013

Short Term Debt	(2,112)	(2,577)	(2,022)	(2,239)
Loans and Financing	(1,083)	(1,445)	(1,005)	(1,226)
Debentures	(1,029)	(1,132)	(1,016)	(1,014)
Long Term Debt	(4,545)	(5,008)	(3,733)	(4,189)
Loans and Financing	(1,649)	(2,014)	(1,637)	(1,994)
Debentures	(2,896)	(2,995)	(2,096)	(2,195)
Total Gross Debt	(6,657)	(7,586)	(5,755)	(6,429)
Cash	5,060	6,002	2,707	3,553
Net Debt	(1,597)	(1,584)	(3,048)	(2,875)
Net Debt / EBITDA⁽¹⁾	0.44x	0.42x	1.53x	1.24x
Payment book - short term	(2,463)	(2,470)	-	-
Payment book - long term	(108)	(115)	-	-
Net Debt with payment book	(4,168)	(4,168)	(3,048)	(2,875)
Net Debt / EBITDA⁽¹⁾	1.16x	1.10x	1.53x	1.24x

Net debt, including Viavarejo’s payment book operation, totaled R$ 4.168 billion at the end of June. Maturities of loans, financing and debentures are still concentrated in the long term, of which 70% mature in over 12 months.

In 2Q13, net reserves were down by R$ 900 million for the purpose of debt payment, which decreased by the same amount. The net debt/EBITDA ratio stood at 1.16x on 06/30/2013. At the end of June, the Company had cash reserves close to R$ 5 billion. For more information, see the Cash Flow section.

Financial Result


	GPA Consolidated (ex. real estate projects)						GPA Food (ex. real estate projects)			Viavarejo
(R$ million)	2Q13	2Q13	Δ	1S13	1S12	Δ	2Q13	2Q13	Δ	2Q13	2Q13	Δ

Financial Revenue	128	151	-15.2%	271	297	-8.8%	83	123	-32.9%	53	40	33.6%
Financial Expenses	(428)	(436)	-1.8%	(825)	(917)	-10.1%	(212)	(244)	-13.1%

FORM 6-K

Report of Foreign Private Issuer

(Convenience Translation into English from the

Original Previously Issued in Portuguese)

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